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With ecommerce projected to capture 41% of global retail sales by 2027, it might seem counterintuitive for retailers to continue investing in new and existing physical stores. Yet, retailers like Fujifilm, Sketchers, and North Face are not only maintaining…
Singapore retail sales – excluding motor vehicles – continued to decrease in August, but at a slower pace compared to the previous months. The city-state saw a 1.5 percent drop in retail sales for the month, a slight improvement from the 2.3 percent reduction…
South Korea’s retail sales grew 3.3 percent year over year in August on the back of higher sales in convenience stores super super market (SSM) operators, and online cosmetics and food retailers. The Ministry of Trade, Industry, and Energy (MOTIE) surveyed 13…
Hong Kong’s July retail sales rose 16.5 percent from a year earlier helped by an increase in visitor arrivals and positive consumption sentiment, government data showed on Thursday. Sales increased to HK$33 billion, marking an eighth consecutive month of…
Its net profit stood at THB2.31b during the quarter. Central Retail Corporation (CRC) reported its net profit grew by more than 75% year-on-year to THB2.31b in the first quarter. Over the same period, the company’s total revenue went up by 12% to THB63.2b.…
Singapore retail sales (excluding motor vehicles) grew by 2.5 per cent to SG$3.4 billion (US$2.5 billion) in June, following May’s 1.7 per cent increase. The country’s seasonally adjusted retail sales were up 0.2 per cent month over month, data from the…
The Japanese operator of apparel retailer Uniqlo is expected by analysts to post a 25 percent jump in profit to a third-quarter record on Thursday (Jul 13), when the focus will be on whether its sales recovery in China is on track. Fast Retailing’s operating…
Mall operator Vincom Retail has reported after-tax profits of VND1.02 trillion (US$43.4 million) for the first quarter, a 2.7-fold rise year-on-year, amid a recovery in consumption. It was 23% up quarter-on-quarter, the company’s consolidated financial…
President Vo Van Thuong has asked the Vietnamese community in Laos to set its sights on long-term sustainable business growth even though weathering current short-term difficulties will be complicated. During Tuesday’s meeting with the Vietnamese community in…
Tay Ho has become an increasingly popular residential area among foreigners in Hanoi as the infrastructure and social amenities continue to flourish alongside a diverse range of convenient services. In Ho Chi Minh City, the areas of Phu My Hung and Thao Dien…
Singapore remained the biggest foreign investor in Vietnam in the first two months of 2023, with investment of $978.4 million, down 42.7% year-on-year, the Ministry of Planning and Investment reported. Taiwan ranked second with nearly $407.1 million, 3.85…
This is despite softer demand as well as supply chain and logistics disruptions. Alibaba Group Holdings reported its net income attributable to ordinary shareholders grew by 138% to US$6.78b in the quarter ending in December 2022. The company attributed this…
UK activewear label JD Sports is set to withdraw from South Korea after five years of operation, according to Edaily. The retailer was reported to have experienced a deepening deficit since the Covid-19 pandemic, which led to the decision. The source said JD…
Thanh Cong, distributor of South Korea’s Hyundai automobiles in Vietnam, recorded a revenue of VND118 trillion ($5 billion) last year, an increase of 15.6% over 2021. The Thanh Cong Group sold more than 81,500 Hyundai automobiles of all kinds during the year,…
German-founded British footwear and apparel brand, Dr Martens, has closed all of its physical stores in the Philippines. The brand announced on social media that it closed all of its remaining four stores in Glorietta 4, SM Mall of Asia, SM Megamall, and…
The Cat Linh – Ha Dong Metro Line in Hanoi has received an additional VND911 billion ($38.6 million) capital increase. The money will come from state coffers, with 24.4% of it from domestic funds and the rest foreign funds, according to a decision signed by…
